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School's out and there's no better time to heat up your business plans.

This story appears in the May 2007 issue of Entrepreneur. Subscribe »

Feeling the summer heat starting to creep up, you're dreaming of the end of finals and lazy days by the pool. But being the entrepreneurially minded student that you are, you know your summer vacation is the perfect time to build and grow your business. The free time that eludes you during busy semesters will be in abundance, so summer is the time to focus on your business and maximize your efficiency.

During the school year you're balancing school, maybe a part-time job and trying to launch a business idea, but during the summer, your business can effectively be your full-time job, says Raman Chadha, executive director of the Coleman Entrepreneurship Center at DePaul University in Chicago. "The summer is a great time to engage in those activities that you may not have the time for or may not be as mission-critical during the school year, such as overall business and strategic planning," he says.

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